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United States


  • NEW DELHI, Oct 9- The steps Europe has taken to cure its economic ills will take years to bear fruit and it will be a long time before the continent returns as a major driver of economic growth, U.S. "Europe has a very hard road ahead of them," Geithner told a meeting with business leaders during a visit to New Delhi.

  • *To move global headquarters within New Jersey. *Says transition process is expected to begin in 2014 and be completed in. *Says plans to move global headquarters from Whitehouse Station, n.j. to its.

  • US futures mixed ahead of US earnings season Tuesday, 9 Oct 2012 | 8:14 AM ET

    NEW YORK-- Stock futures were mixed Tuesday with a new outlook on the global economic landscape y providing markets with fewer reasons to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.

  • Oct 9- Green Mountain Coffee Roasters Inc. The Snapple K-Cup pack iced teas will be available in the United States and Canada in spring 2013, with Vue packs to follow, the companies said in a joint statement on Tuesday. Single-serve coffee pods are expected to reach $959.1 million in retail sales this year, up 32 percent, according to Euromonitor International.

  • Ahead of the Bell: Shoe Carnival upgraded Tuesday, 9 Oct 2012 | 8:10 AM ET

    NEW YORK-- Sterne, Agee& Leach is boosting its ratings on Shoe Carnival, citing sales and better-than-expected store growth potential. Shoe Carnival already has 17 leases signed for next year and 10 others that are close to being signed, Poser said. Poser raised his rating on Shoe Carnival Inc. to "Buy" from "Neutral" and gave a $28 price target.

  • Ahead of the Bell: Yum Brands Tuesday, 9 Oct 2012 | 8:06 AM ET

    NEW YORK-- Investors are hoping to see a rebound in profit from operations in China when Yum Brands Inc. reports its fiscal third-quarter earnings after Tuesday's closing bell. The China business had strong sales growth in the quarter, but inflation reduced its profit.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • *Iran says UAE claims are "baseless". The three islands of Abu Musa and Greater and Lesser Tunb sit near important oil shipping channels at the mouth of the strategic Strait of Hormuz and were claimed by the U.S.-backed Shah of Iran in 1971, just before the seven Gulf emirates won independence from Britain and formed the UAE.

  • "Our countries have exerted major efforts to restore global oil market stability, a feat that has actually been achieved," Saudi Oil Minister Ali al-Naimi told a meeting of Gulf Arab energy ministers in Riyadh.

  • JERUSALEM, Oct 9- The Bank of Israel appears content to keep interest rates on hold for now due to fears of higher housing prices while the local economy should weaken as the global downturn persists, minutes of the discussions of last month's decision showed.

  • Japan economy shaky as island spat hits business Tuesday, 9 Oct 2012 | 7:51 AM ET

    But the high-pitched row between Beijing and Tokyo over their ownership is exacting a growing toll on Japan, threatening to send its recovery from last year's disasters into reverse.

  • *Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • MARKET PULSE-Alcoa, Eli Lilly, Edwards Lifesciences Tuesday, 9 Oct 2012 | 7:34 AM ET

    **ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.

  • Destination Maternity 4Q revenue tops Street Tuesday, 9 Oct 2012 | 7:33 AM ET

    PHILADELPHIA-- Destination Maternity said Tuesday that its fiscal fourth-quarter revenue dipped slightly, but the results still managed to beat Wall Street's expectations. Destination Maternity said that its quarterly revenue fell less than 1 percent to $128.5 million.

  • Survey: Small biz owners growing more pessimistic Tuesday, 9 Oct 2012 | 7:31 AM ET

    NEW YORK-- Small business owners are growing more pessimistic. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak. The NFIB's index of owner optimism fell 0.1 point to 92.8.

  • WASHINGTON, Oct 9- U.S. small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments. The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month.

  • Stanley Black & Decker selling unit for $1.4B Tuesday, 9 Oct 2012 | 7:25 AM ET

    NEW BRITAIN, Conn.-- Tool maker Stanley Black& Decker Inc. is selling its hardware and home-improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash. Stanley Black& Decker, which is based in New Britain Conn., said the sale is part of its ongoing strategy to diversify its revenue and geographic reach.

  • World stocks stall after Asian session Tuesday, 9 Oct 2012 | 7:21 AM ET

    AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • FED FOCUS-How a Fed inflation hawk changed his mind Tuesday, 9 Oct 2012 | 7:20 AM ET

    CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • *Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.